(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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abrdn Property Income Trust Ltd - real estate investment trust - Agrees sale of two assets for a combined price of GBP16.6 million, a 0.3% discount to December valuation. Says contracts exchanged for sale of 15 Basinghall Street in London. Agreed sale price is GBP9.8 million. Says Opus 9, Warrington sale completed for GBP6.8 million. "These two sales continue the disposal strategy that was implemented at the end of last year, with the proceeds being used to pay down the company's rolling credit facility which has a floating interest rate. It follows on from the sale in December of the industrial asset in Livingston and demonstrate the continued appeal of the API assets to investors at prices close to NAV," Deputy Fund Manager Mark Blyth says.
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450 PLC - eyeing investments in content, media and technology sectors - Pretax loss in six months to December 31 narrows to GBP255,785 from GBP557,820 a year prior. Administrative expenses fall 40% on-year to GBP354,087.
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Alternative Liquidity Fund Ltd - pursuing realisation strategy of current investment portfolio of illiquid interests - Net asset value per share at December 31 half-year end increases 1.2% to 8.68 US cents from 8.58 in June. It adds: "Due to the diminishing size of the portfolio, the company continues to reduce costs so far as practical, with a view to recommending to shareholders a voluntary solvent liquidation when the vast majority of assets with positive value have been realised. However, notwithstanding this objective, the board continues to explore opportunities which may preserve or enhance the intrinsic value of the company. The board intends to consult with shareholders prior to recommending any such opportunities."
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Atome PLC - Leeds-based green fertiliser company - Raises GBP500,000 from subscription with institutional investor. Subscription is for 1.0 million shares at 50 pence each. "The monies will provide further working capital as Atome grows and develops its world leading major green fertiliser production projects the first of which being the 145 megawatt facility in Villeta, Paraguay," Atome says.
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Marula Mining PLC - Africa-focused mining company - Application for a mining right for Blesberg lithium and tantalum mine accepted by South African Department of Mineral Resources & Energy. Marula adds: "Approval of the mining right, once granted by the DMRE, will allow the company to proceed with its plans to expand the current stockpile re-processing operations at Blesberg to include the development of a large scale and conventional open pit mining operation."
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By Eric Cunha, Alliance News news editor
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Abrdn Property (API)
450 Plc (450)
Alternative Liq (ALF)
Atome Plc (ATOM)